Kroger Co. (NYSE:KR) released its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $26.56 billion for the quarter, compared to the consensus estimate of $26.37 billion. Kroger had a net margin of 1.82% and a return on equity of 32.52%. Kroger’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS.

Shares of Kroger (NYSE:KR) opened at 32.30 on Thursday. The firm has a market cap of $30.50 billion, a PE ratio of 15.32 and a beta of 0.74. Kroger has a 12 month low of $28.71 and a 12 month high of $42.75. The stock’s 50 day moving average is $31.92 and its 200 day moving average is $33.33.

Earnings History for Kroger (NYSE:KR)

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. Kroger’s dividend payout ratio is presently 22.86%.

Several analysts have recently commented on the stock. Argus reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Kroger in a report on Thursday. Jefferies Group reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Kroger in a report on Thursday. Citigroup Inc. reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Kroger in a report on Thursday. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Kroger in a report on Thursday. Finally, BMO Capital Markets set a $35.00 price objective on shares of Kroger and gave the company a “hold” rating in a report on Sunday, September 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $38.21.

COPYRIGHT VIOLATION NOTICE: This report was posted by Financial Market News and is owned by of Financial Market News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at http://www.financial-market-news.com/kroger-co-kr-issues-quarterly-earnings-results/1212516/.

In related news, insider Kevin M. Dougherty sold 31,000 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the transaction, the insider now directly owns 130,857 shares in the company, valued at approximately $4,063,109.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of KR. American Century Companies Inc. increased its position in shares of Kroger by 0.8% in the second quarter. American Century Companies Inc. now owns 3,523,917 shares of the company’s stock worth $129,645,000 after buying an additional 28,672 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Kroger by 2.7% in the second quarter. Ameritas Investment Partners Inc. now owns 18,856 shares of the company’s stock worth $694,000 after buying an additional 500 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Kroger by 6.5% in the second quarter. Bank of Nova Scotia now owns 19,460 shares of the company’s stock worth $716,000 after buying an additional 1,180 shares during the last quarter. Reliance Trust Co. of Delaware increased its position in shares of Kroger by 24.3% in the second quarter. Reliance Trust Co. of Delaware now owns 12,985 shares of the company’s stock worth $477,000 after buying an additional 2,538 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its position in shares of Kroger by 146.8% in the second quarter. Atlantic Trust Group LLC now owns 27,814 shares of the company’s stock worth $1,023,000 after buying an additional 16,542 shares during the last quarter. Hedge funds and other institutional investors own 75.51% of the company’s stock.

About Kroger

The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.

5 Day Chart for NYSE:KR

Receive News & Ratings for Kroger Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Co. and related companies with MarketBeat.com's FREE daily email newsletter.